Transactions
Saint Therese, a St. Louis, Minnesota-based aging care provider, has announced its acquisition of St. Mary of the Woods in Avon, Ohio on Dec. 1. Situated on a 23-acre campus, St. Mary of the Woods is a 179-unit community with over 200 employees who will be retained by Saint Therese.
1019 Senior Living Acquires Two Indiana Communities
Recently, 1019 Senior Living acquired two senior living communities in Wabash and Crawfordsville, Indiana, renaming them as 1019 Belle’s Place of Wabash and 1019 Belle’s Place of Crawfordsville. This move is part of their commitment to offering specialized memory care services in the Midwest.
Blueprint has facilitated the sale of Regency House Alexandria in Louisiana. The community comprises 10 assisted living beds and 60 skilled nursing beds and was transitioned from a local owner to a national operator.
Management
Legend Senior Living Expands Management Portfolio
Legend Senior Living has taken over operations of two Heartis Senior Living communities in Pennsylvania, rebranding them as Revelle Senior Living of Bucks County and The Remington of Yardley Personal Care & Memory Care. This expansion aligns with Legend’s expertise in senior living.
Financings
Mesa West Originates $57M Loan
Mesa West has provided a $57 million refinancing loan to a joint venture involving AEW Capital Management, Thrive Senior Living, and Pike Construction. The loan will be utilized for refinancing Thrive at Montvale, a senior housing community in Montvale, New Jersey.
Product Launch
Conversion Logix Launches Marketing System
Conversion Logix has unveiled Conversion Logix iQ, a new marketing system designed for multifamily and senior living leaders. With advanced AI-driven tools, the platform offers insights and performance enhancements for marketers looking to scale their operations efficiently.
